5.125% 30 yr. NO points for 12 days

4.75 % 15 yr. No points for 12 days

5.875% FHA 30yr. 1 point 30 days

6.25% 30yr 1 point for 12 days Investment (3-4 fam)

Market Update

Mortgage rates are “probably as good as it’s going to get” and the housing market is likely to rebound sooner than some forecasts, Freddie Mac interim CEO John Koskinen said.

“Mortgage rates, if they go down at all further, it’s going to be incremental,” Koskinen told reporters yesterday in Washington after he met with President Barack Obama. “Interest rates are probably close to bottoming out, and therefore we are telling people” to buy.